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what they are seeing in the euro zone right now is financial and euro zone countries which were not following sound economical and fiscal policies. that's how they run into trouble. >> reporter: the people of latvia have run into trouble. the country was hit hard triggered by the financial crisis of lehman brothers. latvia achieved the highest growth rate in the eu last year. he's been prime minister since the sharp contraction. i asked him how he achieved an economic turn around in such a short time. >> i think one of the reasons was that we did bulk of our adjustment during the crisis. what some countries in southern europe are doing are trying to kind of delay that adjustment. this strategy doesn't work. without doing the necessary adjustment the countries are not able to return to the financial stability. they're able to return to the economic growth or just getting deeper into recession making this adjustment more difficult. in our case we front loaded the adjustment. we did bulk of the adjustment in 2009 during the crisis. it helped us to restore financial stability and with financial s
what they are seeing in the euro zone right now is financial and euro zone countries which were not following sound economical and fiscal policies. that's how they run into trouble. >> reporter: the people of latvia have run into trouble. the country was hit hard triggered by the financial crisis of lehman brothers. latvia achieved the highest growth rate in the eu last year. he's been prime minister since the sharp contraction. i asked him how he achieved an economic turn around in such...
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what a wonderful question i think as far as the euro's turn so i mean the euro's probably shot itself in the foot because the countries within the euro zone when they are dealing in international trade that perhaps you know weren't as strong in deciding that the rest of the world should use the euro as the base currency in other words where they want to buy goods from china they are quite happy to actually buy goods but it's the newer stalins so really i think i think the you know the euro the euro zone hasn't been as forceful as they could have been done so there may be you know the euro would have been more freely traded but at the moment i mean the euro still still quite freely traded in comparison to the yuan which is not as freely traded because there are still some countries in the world that might say if i want to do business with china i would much rather deal with them using either the u.s. dollar or some other kind of currency so in answer to your question what is going to happen to the euro that really depends on what the eurozone decides itself because they want to be more
what a wonderful question i think as far as the euro's turn so i mean the euro's probably shot itself in the foot because the countries within the euro zone when they are dealing in international trade that perhaps you know weren't as strong in deciding that the rest of the world should use the euro as the base currency in other words where they want to buy goods from china they are quite happy to actually buy goods but it's the newer stalins so really i think i think the you know the euro the...
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euro euro assets whenever it can go into things it's been going to euro shack losses and things like that being significantly a rise of gold has been significantly impacted by many bric countries a significant increase in their purchases so when governments across the world have been trying to deal dollar rise issues but when it is the global global currency it's rather hard. so yeah they can they can talk about wanting to don't arise and reduce their. holdings of dollar assets but it's it's almost impossible you know i mean if you could start by especially when you talk about the chinese reserves you can still bring up entire countries are going to say the chinese in the process of buying up a great deal of africa but that's not what t. bills is that it's with other assets i mean they're not turning these into the united states and going into africa they're stuck with these things for them on the other part of the nation because of this i mean even before this. recent brouhaha in washington there was a trend of wanting to detail the rise and to do. dresses and russia china has been
euro euro assets whenever it can go into things it's been going to euro shack losses and things like that being significantly a rise of gold has been significantly impacted by many bric countries a significant increase in their purchases so when governments across the world have been trying to deal dollar rise issues but when it is the global global currency it's rather hard. so yeah they can they can talk about wanting to don't arise and reduce their. holdings of dollar assets but it's it's...
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has been a roller coaster ride for the euro zone since two thousand and eight when the words began to give way and the only direction seemed to be down but the mechanics of the system seem to be coming together well some parts of and away the region has as a whole has grown no point three percent in the second quarter of this year often during six months of contraction in the front row seizes germany along with france as you can see that but what about the rest of the eurozone passengers well the likes of spain and greece demonstrate that the ride as a whole may not be entirely safe just yet for more on these latest figures i'm joined by steen jacobsen from sachs a bank hi steve good to have you with us today can you tell me what was your initial reaction to the fact that the eurozone is now officially out of recession. well first of all of course. it's great news that we are finally seeing some sort of attraction on the on the growth perspective but also must say that i'm very skeptical about the ability to maintain this momentum as we look at the underlying data which is going to su
has been a roller coaster ride for the euro zone since two thousand and eight when the words began to give way and the only direction seemed to be down but the mechanics of the system seem to be coming together well some parts of and away the region has as a whole has grown no point three percent in the second quarter of this year often during six months of contraction in the front row seizes germany along with france as you can see that but what about the rest of the eurozone passengers well...
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were in the process of negotiating the price at twenty thousand euro's you know what i'm doing twenty thousand euros is ok but it's not too expensive i'm about it i think bundled up but when there's no money on one side there's always some on the other eye today on days as a few thoughts are always have enough to survive on because that even if the cocoa and gold disappear in. a day break the rebels break camp. alberto the commander of the eighteenth front has just arrived to give them their instructions and now we're leaving because there are enemy movements and we have activities organized elsewhere. on the program a meeting with the miners of the region a long walk begins toward the meeting place. the guerrilla fighters move around in small groups. the main danger comes from the sky. a played. at the slightest sound of an engine the forks take cover. the fighters cut through the jungle. level. in the zone of the eighteenth front miners and excavator start arriving at the forks fear that spies might use this opportunity to infiltrate them. before the meeting a briefing session is ne
were in the process of negotiating the price at twenty thousand euro's you know what i'm doing twenty thousand euros is ok but it's not too expensive i'm about it i think bundled up but when there's no money on one side there's always some on the other eye today on days as a few thoughts are always have enough to survive on because that even if the cocoa and gold disappear in. a day break the rebels break camp. alberto the commander of the eighteenth front has just arrived to give them their...
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euro but at the same time i cannot imagine that the movement away from the euro is going to be drastic because for the central banks that would want to reduce their exposure to the euro it would be essentially shooting themselves in the fourth because the pendency of the euro as a reserve currency is quite significant and if there is too drastic a flight from the euro down this is something that would be fraught with capital losses for the central banks of the world and the cordingley if there is a movement to reduce exposure to the euro this movement would have to be very gradual and i think it would need to be. very cautious on the part of the central banks all the more so because there is genuinely a lack of alternatives out there there are not that many reserve currencies in the world that could at least at this stage can feed. would the euro or the dollar and some of the cases some of the emerging markets have capital district restrictions and this is a very or to the use of the currencies of these economies as reserve currencies for the central banks so our view is that the euro
euro but at the same time i cannot imagine that the movement away from the euro is going to be drastic because for the central banks that would want to reduce their exposure to the euro it would be essentially shooting themselves in the fourth because the pendency of the euro as a reserve currency is quite significant and if there is too drastic a flight from the euro down this is something that would be fraught with capital losses for the central banks of the world and the cordingley if there...
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feasible currency out that to take its place it's got a modest rival right now with the of course the euro about fifteen percent to twenty percent of. our reserves are held in your o's but given the the very acute structural economic problems you see now in the euro zone. i think the euro's future is very much in doubt and again we'll go back to china why it was why is trying to have been buying gold why they interested in making their own currency much more powerful much more international wise because they don't have a whole lot of trust me euro that i have a whole lot of trust in the u.s. dollar and which is why they're moving as fast as they can to make their own currency more internationalized so when wilson thank you very much indeed for coming into the studio today i'm not fit for today's edition of plenty capital from all business news munk analysis is at its basis and c.b.s. doing the same place same time and next week see that good bye. oh. you know sometimes you see a story and it seems so you think you understand it and then you glimpse something else you hear or see some other
feasible currency out that to take its place it's got a modest rival right now with the of course the euro about fifteen percent to twenty percent of. our reserves are held in your o's but given the the very acute structural economic problems you see now in the euro zone. i think the euro's future is very much in doubt and again we'll go back to china why it was why is trying to have been buying gold why they interested in making their own currency much more powerful much more international...
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thousand euros is ok but it's not too expensive. i think bundled up but when there's no money on one side there's always some on the other. today on days as he talks will always have enough to survive on because i mean if they kolker and gold disappear in. a day break the rebels break camp. alberto the commander of the eighteenth front has just arrived to give them their instructions. but we're leaving because there are enemy movements and we have activities organized elsewhere. on the program a meeting with the miners of the region a long walk begins toward the meeting place. the guerrilla fighters move around in small groups. the main danger comes from the sky. played. at the slightest sound of an engine the forks take cover. the fighters cut through the jungle the fight for. them. if in the zone of the eighteenth front minor is an excavator start arriving the forks fear that spies might use this opportunity to infiltrate them. before the meeting a briefing session is necessary. to know that a key you must observe people's attitud
thousand euros is ok but it's not too expensive. i think bundled up but when there's no money on one side there's always some on the other. today on days as he talks will always have enough to survive on because i mean if they kolker and gold disappear in. a day break the rebels break camp. alberto the commander of the eighteenth front has just arrived to give them their instructions. but we're leaving because there are enemy movements and we have activities organized elsewhere. on the program...
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euro would have been more freely traded but at the moment i mean the euro is still still quite freely traded in comparison to the yuan which is not as freely traded because there are still some countries in the world that might say if i want to do business with china i would much rather deal with them using either the u.s. dollar or some other kind of currency so in answer to your question what is going to happen to the euro that really depends on what the eurozone decides itself because they want to be more forceful or not and david we know the whole reason we discuss money is because it's all about power isn't it and what does this transition mean in terms of power for. as we know they are in a transition period at the moment as an economy. that is a wonderful question and this is really the crux of the matter because at the moment china is sitting on around three and a half trillion u.s. dollars worth of foreign reserves now china doesn't really want to increase that amount to foreign reserves which is why it is trying to make the u.n. more tradeable in other words when you buy goo
euro would have been more freely traded but at the moment i mean the euro is still still quite freely traded in comparison to the yuan which is not as freely traded because there are still some countries in the world that might say if i want to do business with china i would much rather deal with them using either the u.s. dollar or some other kind of currency so in answer to your question what is going to happen to the euro that really depends on what the eurozone decides itself because they...
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this industry generates over three hundred fifty million euros per year for the country. and has very bad suburbs the capital dhaka around three hundred ten there is a field of twenty five acres producing the clothes and leather goods that flood the international market. was more than fourteen million skins are treated every year in the slum warehouses in tanaris sit side by side. and nightmare situation for which we westerners are also responsible i was. all skins arrive like this every day and each one of the factories where in one of the has very bad tenor is an average sized factory employing around thirty workers it's here that the cycle of leisure tending begins. every day around one thousand tonnes of skins arrive directly from albatross all over the country to be stored in this hangar. go to the arrive coated in salt so as to avoid rapid decay. but if you want to say i was in the morning we get the deliveries and we cover the skins and lie rinse them and dry them how they was next after applying the chemicals we place them in the tanning drums and then we wash the
this industry generates over three hundred fifty million euros per year for the country. and has very bad suburbs the capital dhaka around three hundred ten there is a field of twenty five acres producing the clothes and leather goods that flood the international market. was more than fourteen million skins are treated every year in the slum warehouses in tanaris sit side by side. and nightmare situation for which we westerners are also responsible i was. all skins arrive like this every day...
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it would take many years and millions of euros to clean this water goes it a little more than i have that is what i have been eating here for thirteen years when i want to raise and clean it and my husband was a fisherman and we were leaving thanks to him that that was today the fish from the but again there is an edible and my husband is out of work if the riva were cleaned or could leave well from it try to go to the government is responsible for the state of the boat have gone for a good long look what happened to it this river runs right through dhaka how could they let this happen and the government does nothing. to human ecological consequences are nothing short of x. tester for. the world trade organization has ruled that alternatives must be brought up to international regulation re standards by two thousand and fourteen but bangladesh finds itself in a catch twenty two situation down to continue developing its booming leather industry and at the same time respond to the health and environmental concerns of its population. to deal with the situation the department of the envi
it would take many years and millions of euros to clean this water goes it a little more than i have that is what i have been eating here for thirteen years when i want to raise and clean it and my husband was a fisherman and we were leaving thanks to him that that was today the fish from the but again there is an edible and my husband is out of work if the riva were cleaned or could leave well from it try to go to the government is responsible for the state of the boat have gone for a good...
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now in the euro zone. i think the euro's future is very much in doubt and again we'll go back to china why it was why is trying to have been buying gold why are they interested in making their own currency much more powerful much more internationalized because they don't have a whole lot of trust me euro but of a whole lot of trust in the u.s. dollar and which is why they're moving as fast as they can to make their own currency more internationalized to win wilson thank you very much indeed for coming into the studio today i'm not fit for today's edition of plenty capital from all business news monk analysis and exclusive interviews to me same place same time and next week see that good bye. oh. i would rather that as lessons for people in positions of power instead of speaking on their behalf and that's why you can find my show larry king now right here on our t.v. question more. most of these voices the couples a lot for violence or thefts. of the window climbed in an untried started to. dump we pushed i
now in the euro zone. i think the euro's future is very much in doubt and again we'll go back to china why it was why is trying to have been buying gold why are they interested in making their own currency much more powerful much more internationalized because they don't have a whole lot of trust me euro but of a whole lot of trust in the u.s. dollar and which is why they're moving as fast as they can to make their own currency more internationalized to win wilson thank you very much indeed for...
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dollars so really i think i think the year the euro the euro zone hasn't been as forceful as they could have been they don't so there may be you know the euro would have been more freely traded but at the moment i mean the euro is still still quite freely traded in comparison to the u.n. which is not as freely traded because there are still some countries in the world that might say if i want to do business with china i would much rather deal with them using either the u.s. dollar or some other kind of currency so in answer to your question what is going to happen to the euro that really depends on what the eurozone decides itself but they want to be more forceful or not and david we know the whole reason we discuss money is because it's all about power isn't it and what does this transition mean in terms of power for china we know they are in a transition period at the moment as an economy. that is a wonderful question and this is really the crux of the matter because at the moment china is sitting on around three and a half trillion u.s. dollars worth of foreign reserves now china doe
dollars so really i think i think the year the euro the euro zone hasn't been as forceful as they could have been they don't so there may be you know the euro would have been more freely traded but at the moment i mean the euro is still still quite freely traded in comparison to the u.n. which is not as freely traded because there are still some countries in the world that might say if i want to do business with china i would much rather deal with them using either the u.s. dollar or some other...
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alternative for germany or a euro skeptic party an anti euro party if they get into parliament well that could seriously affect just how who comes out with the majority deals with coalitions that have been formed now they say that they won't operate with mrs merkel unless she is being adopted a euro skeptic anti euro policy so that could be all very interesting to see just who comes out as part of the coalition government after this german election the polls close they are at six pm local time i'll be bringing you all of the news as we get it throughout the day here on r.t. . markel recently described her country as the motor of europe but that might not sit well with many germans unwilling to continue bailing out the cash strapped partners on top of that many are concerned about an ever widening income gap and continuing disparities since reunification business and government consultant christophe forced all says all this has led to apathy among the german electorate. people in germany by a large numbers very frustrated so frustrated that all the media are coming out these days with you
alternative for germany or a euro skeptic party an anti euro party if they get into parliament well that could seriously affect just how who comes out with the majority deals with coalitions that have been formed now they say that they won't operate with mrs merkel unless she is being adopted a euro skeptic anti euro policy so that could be all very interesting to see just who comes out as part of the coalition government after this german election the polls close they are at six pm local time...
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i think the euro's future is very much in doubt and again we'll go back to china why why is china been buying gold why are they interested in making their own currency much more powerful much more internationalized because they don't have a whole lot of trust in the euro bit of a whole lot of trust in the us dollar and which is why they're moving as fast as they can to make their own currency more internationalized so when wilson thank you very much indeed for coming into the studio today i'm not fit for today's edition of painted capital from all business news month and the other thing is that places and cities do in the same place same time and next week see that hit by. zero. i would rather i asked questions for people in positions of power instead of speaking on their behalf and that's why i can find my show larry king now right here on r.t. question more. most of these voices being toppled a lot for violence or thefts. but we drove the window climbed in and tried to start it with the dump we pushed it a little way and here we were drunk. consumed with you're an alcoholic nearly al
i think the euro's future is very much in doubt and again we'll go back to china why why is china been buying gold why are they interested in making their own currency much more powerful much more internationalized because they don't have a whole lot of trust in the euro bit of a whole lot of trust in the us dollar and which is why they're moving as fast as they can to make their own currency more internationalized so when wilson thank you very much indeed for coming into the studio today i'm...
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does a few billion euros more and everything will be ok. german central bank reportedly believes the third bailout for greece is crucial to put the country's shattered economy back on track but many greeks are no longer buying the promises of a happy future as the financial collapse wreaks the most precious things rexx the most precious things i should say they have. now it's a place. another employed single mother agree saul has been dealing with what any loving parent would class as a nightmare for five days of the week her child has to live elsewhere because she can't afford to look after her i didn't have anything. to feed my child. only god knows how. sorry. she says she's going to looking for a job for three years but now aged forty knows the chances of her succeeding are slim she tries to shield her four year old daughter as much as she can from the grim reality until she's old enough to understand and in the meanwhile the girl lives in this kindergarten along with other children from needy and problem families how do you explain to
does a few billion euros more and everything will be ok. german central bank reportedly believes the third bailout for greece is crucial to put the country's shattered economy back on track but many greeks are no longer buying the promises of a happy future as the financial collapse wreaks the most precious things rexx the most precious things i should say they have. now it's a place. another employed single mother agree saul has been dealing with what any loving parent would class as a...
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stay on a drop of the ongoing yes fiscal crisis and what happens so euro when the dollar crashes well the back. the problem it was terrible they weren't very hard to make other plans against a longer disciplined life that never had sex with the target their lives let's play. lists and le may let's. listen. a little. live. live live. live . welcome back to this edition of said think oh we're here in paris talking to john clarke to shed the former head of the european central bank when asked to people they say that france isn't at the best place right now is there and if things continue the way they are now it could find itself in place of greece in the future do you think present policies are stimulating or stagnating i think three problems no very clear. but you know. quite a long period of time first there is a problem of public spending as a proportion of g.d.p. the public spending too high. fifty seven percent of the g.d.p. and france is denmark one of the two countries in the european union at the highest level of public spend use as a proxy of g.d.p. that is no good for the long
stay on a drop of the ongoing yes fiscal crisis and what happens so euro when the dollar crashes well the back. the problem it was terrible they weren't very hard to make other plans against a longer disciplined life that never had sex with the target their lives let's play. lists and le may let's. listen. a little. live. live live. live . welcome back to this edition of said think oh we're here in paris talking to john clarke to shed the former head of the european central bank when asked to...
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nothing to do with them they only deal in german euro and cyprus is not leaving the euro zone because germany doesn't want to have cyprus leave the eurozone because it's the extent that they have these commies on the periphery that are screwing up it keeps the euro relatively cheap helps our export market and they get to run the entire eurozone this is the fourth reich germany four point zero us two and a half years ago i warned you about it people said you can't say that the fourth reich the cafe that well i did and it's true and i didn't believe me and you're stuck in a cypriot bank account having it confiscated tough tough nut cases on your body you go watch the show and pay attention pay for it going to pension i stay here with thanks be on the guys report thank you thank you for the second half of me speaking with mitch fire stein of plan a ponzi dot com. joins thousands of gadget guru squawk into the mobile world congress in barcelona for research and handset makers try to get their groove back. and software super chargers hope to spin preview success forward russia's yandex tur
nothing to do with them they only deal in german euro and cyprus is not leaving the euro zone because germany doesn't want to have cyprus leave the eurozone because it's the extent that they have these commies on the periphery that are screwing up it keeps the euro relatively cheap helps our export market and they get to run the entire eurozone this is the fourth reich germany four point zero us two and a half years ago i warned you about it people said you can't say that the fourth reich the...
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Dec 19, 2013
12/13
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it takes roughly 6000 800 euros the800 euros to keep average person pounding the pavement for just one day. this was to visualize the financial side to the protest across the country. the white house has posted this photo of barack obama holding a sign reading "nobody should go broke just because they get sick peer co--- because they get sick." opponents of obamacare have seized the opportunity to decide the reform and mostly 12/19/13 12/19/13 [captioning made possible by democracy now!] >> from pacifica, this is democracy now! nsa and the intelligence community in general is focused on getting intelligence wherever it can, by any means possible. >> and what has been called a rebuke to the national security agency and vindication for edward snowden, a white house- appointed panel urges sweeping changes at the nsa
it takes roughly 6000 800 euros the800 euros to keep average person pounding the pavement for just one day. this was to visualize the financial side to the protest across the country. the white house has posted this photo of barack obama holding a sign reading "nobody should go broke just because they get sick peer co--- because they get sick." opponents of obamacare have seized the opportunity to decide the reform and mostly 12/19/13 12/19/13 [captioning made possible by democracy...
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use continues here on the world's biggest financial institutions are pouring billions of euros into the greek economy but the amount it needs to survive keeps increasing the debt ridden country is looking at a funding shortfall of nearly eleven billion euros that's according to the international monetary fund well the latest tranche of almost six billion has already cost thousands of public sector jobs now a lot share of the installment four billion euros is funded by the eurozone and the european central bank the international monetary fund is contributing one point eight billion in return athens has to fight for fels and civil servants by the end of the year while twenty five thousand more must be redeployed impact a worsening unemployment is felt everywhere increased not least in its drug clinics because kind of takes a look now at the unorthodox way athens is dealing with the social for not from the crisis. used to be out of work now he's still unemployed but also on heroin is homeless and has aids he's already tiny chances of getting a job have vanished completely. alone that some
use continues here on the world's biggest financial institutions are pouring billions of euros into the greek economy but the amount it needs to survive keeps increasing the debt ridden country is looking at a funding shortfall of nearly eleven billion euros that's according to the international monetary fund well the latest tranche of almost six billion has already cost thousands of public sector jobs now a lot share of the installment four billion euros is funded by the eurozone and the...
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Oct 6, 2013
10/13
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. >> $2,000 euros were just for being here. having received the backing of 100,000 signatures. apparently they've got bigger plans >> cash by the truckload. the proposed basic information initiative arrived with a splash. and the promise of euros. >> imagine you were being born and society tells you, welcome, you will be cared for and asks you what do you want to do in your life? what's your calling? imagine that. >> parliament were suse within a petition, proposing the idea if they work or don't. so switzerland is set for a referendum. >> it could be one of the landmark idges historical movement. of course, those who don't want it will find excuses. but those who do want it will face solutions. >> the campaign they did a glitsi stunts about 350 euro worth of gold coins deposited in front of karlment in. it's turned to the base for its citizens. you want the pilot project. ok. what do you do. >> we're not part of the u. but here for this project this could be an everybody apparent with being independence of russ -- if there's anyone that can sigh threns it's switzerland. >> rig
. >> $2,000 euros were just for being here. having received the backing of 100,000 signatures. apparently they've got bigger plans >> cash by the truckload. the proposed basic information initiative arrived with a splash. and the promise of euros. >> imagine you were being born and society tells you, welcome, you will be cared for and asks you what do you want to do in your life? what's your calling? imagine that. >> parliament were suse within a petition, proposing the...
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it would take many years and millions of euros to clean this water that you didn't really. think i think. that is i've been living here for thirteen years when i went to resign clean and my husband was a fisherman and we were leaving thanks to seem that over today the fish from the begun to is inedible and my husband is out of work if the river were cleaned well could leave well from it. to go to the government is responsible for the state of the buddha going. good long look what happened to it this river runs right through dhaka how could they let this happen and the government does nothing. the human ecological consequences are nothing short of x tester of. the world trade organization has ruled that alternative is must be brought up to international regulation re standards by two thousand and fourteen but bangladesh finds itself in a catch twenty two situation down to continue developing its booming leather industry and at the same time respond to the health and environmental concerns of its population. to deal with the situation the department of the environment has app
it would take many years and millions of euros to clean this water that you didn't really. think i think. that is i've been living here for thirteen years when i went to resign clean and my husband was a fisherman and we were leaving thanks to seem that over today the fish from the begun to is inedible and my husband is out of work if the river were cleaned well could leave well from it. to go to the government is responsible for the state of the buddha going. good long look what happened to it...
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skeptic party an anti euro party if they get into parliament well that. could seriously affect just how whoever comes out with the majority deals with coalitions that have been formed now they say that they won't operate with mrs merkel unless she it being adopted a euro skeptic anti euro policy so that could be all very interesting to see just who comes out as part of the coalition government after this german election the polls close here at six pm local time i'll be bringing you all of the news as we get it throughout the day here on r.t. on how merkel recently described her country as the motor of europe but that might not sit well with many germans unwilling to continue bailing out their cash strapped partners on top of that many are concerned about an ever widening income gap and continuing disparities since reunification business and government consultant christoph forstall says this has all led to apathy amongst the german electorate people in germany by a large numbers very frustrated so frustrated that all the media are coming out these days wit
skeptic party an anti euro party if they get into parliament well that. could seriously affect just how whoever comes out with the majority deals with coalitions that have been formed now they say that they won't operate with mrs merkel unless she it being adopted a euro skeptic anti euro policy so that could be all very interesting to see just who comes out as part of the coalition government after this german election the polls close here at six pm local time i'll be bringing you all of the...
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or twenty million euros. where they would cover it they said in this insurance deposit scheme in ireland now we're learning that they can even deposit cover a deposit of a thousand euros no that's not the deposit insurance schemes at these banks in various countries are not worth the guarantees anymore because the bank stirs voracious appetite for more cash to cover the gambling debts as now got to the point where they need to go in and just steal your deposits and are not respecting the law in terms of giving people protection on minimum deposit guarantees you're absolutely correct we saw with m.f. global and j.p. morgan we're seeing it in cyprus and we're going to seeing pension accounts next if you have an ira or some kind of pension account in the u.k. or america or anywhere around the world those pension accounts will be stolen plundered as well that will be the next that the next phase so today doesn't look like they're going to take anybody under one hundred thousand euros which is the insured amount b
or twenty million euros. where they would cover it they said in this insurance deposit scheme in ireland now we're learning that they can even deposit cover a deposit of a thousand euros no that's not the deposit insurance schemes at these banks in various countries are not worth the guarantees anymore because the bank stirs voracious appetite for more cash to cover the gambling debts as now got to the point where they need to go in and just steal your deposits and are not respecting the law in...
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at the heart of the deal that cyprus sealed with its international creditors to get that ten billion euro bailout it meets and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one hundred thousand euros that are uninsured will have to take a huge here a lost whatever money they have here and many cypriots for the past week have begun to motional rollercoaster wondering what is going to happen to their money to their savings and they look to this example one day it was here the next day it is it and they're wondering is the same thing going to happen to their jobs or their savings to everything else they think they have precisely what did you choose and tonio and manager for the country's biggest bank the bank of cyprus has been thinking all through this rollercoaster week for the first time in my life for thirty years. i wonder if the last week and especially. if. i was going to. be more. to start. the bank of cyprus according to the deal will function as the good bank it will take all deposits of less than one hundred thousan
at the heart of the deal that cyprus sealed with its international creditors to get that ten billion euro bailout it meets and what will happen to this back essentially is it will be split into pieces and people with deposits of more than one hundred thousand euros that are uninsured will have to take a huge here a lost whatever money they have here and many cypriots for the past week have begun to motional rollercoaster wondering what is going to happen to their money to their savings and they...
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which will cost its citizens millions of their hard earned euros every bank customer will have their cash taxed if it goes through the plan cause panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent reports on the implications the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the country on the condition that this tax a bank deposit tax be imposed now this could amount to up to nine point nine percent of of the those who have a more than one hundred thousand euros in the back and for many people there. it's their entire life savings that they have that are they feel are now in trouble and the panic that has been stirred over the weekend people trying to get money out of the cash machines but electronic transfers have been stopped and the machines have been running out of money and people there are calling this essentially unfair unjust and simply robbery their their savings being taken away from them the president of the country however have has been p
which will cost its citizens millions of their hard earned euros every bank customer will have their cash taxed if it goes through the plan cause panic over the weekend with people emptying a.t.m. machines fearing their life savings could be plundered correspondent reports on the implications the e.u. finance ministers as the and the international monetary fund had agreed upon a ten billion euro bailout for the country on the condition that this tax a bank deposit tax be imposed now this could...
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wide f.d.i.c surance for depositors small depositors say about one hundred thousand euro and i think this is what's going to be fast tracked after this event michel you think would be a good idea. because the small might be the problem the problem with insurance agencies like the if not the problem but the issue i see in agencies like that is they work because you never need them because you can say it was no and in fact all savers know that even if one small bone or even a medium sized bank goes bust you know your money is safe because if the i.c. exists and therefore all savers in a country like the states don't rush to the exit. the e.u. issued a directive that they would stand behind all depositors for one hundred for the first hundred thousand euros that type of insurance program works like that you know you don't actually need the money in a pot it works because those obligations are honored if you start then to bridge that on a it doesn't really matter how much money you've got in the pot what's to stop so we have a situation where a another country let's not get into who that
wide f.d.i.c surance for depositors small depositors say about one hundred thousand euro and i think this is what's going to be fast tracked after this event michel you think would be a good idea. because the small might be the problem the problem with insurance agencies like the if not the problem but the issue i see in agencies like that is they work because you never need them because you can say it was no and in fact all savers know that even if one small bone or even a medium sized bank...
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Dec 27, 2013
12/13
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this set of knives worth almost 700 euros went for 30 euros. and even the unwanted bathing suit found a new owner. a steal at only 15 euros. and it's all for a good cause. the entire proceedings go to charity. >> what a wonderful idea. one person's trash is another person's treasure. >> still ahead, corruption scandal in turkey deepens, and the prime minister struggles to reassert his authority. we'll have some analysis for you. >> plus, cash-strapped greece prepares for a spartan eu presidency. >> stay with us. >> stay with us. >> welcome back to the "journal ." protests are growing against the turkish prime minister amid a deepening corruption scandal. >> since mid-december, his allies are being investigated for alleged bribery and illegal money transfers. >> the prosecutor in the probe and on thursday he was removed from his job due to official pressure. >> this has prompted renewed calls for the prime minister's resignation. >> another night of protest in istanbul. turkey's ongoing corruption scandal is fueling anger. hundreds of demonstrat
this set of knives worth almost 700 euros went for 30 euros. and even the unwanted bathing suit found a new owner. a steal at only 15 euros. and it's all for a good cause. the entire proceedings go to charity. >> what a wonderful idea. one person's trash is another person's treasure. >> still ahead, corruption scandal in turkey deepens, and the prime minister struggles to reassert his authority. we'll have some analysis for you. >> plus, cash-strapped greece prepares for a...
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ten billion euro bailout package no m.p.'s voted for the bill thirty six voted against nineteen abstained the finance ministry had proposed to modify that package at one stage proposing exemption for savers with smaller deposits but opposition remained fierce these are the latest pictures from outside parliament there in nicosia the crowds obviously diminish know from what we saw earlier on a finance ministers of war that cyprus is to biggest banks could collapse now if the deal doesn't go through in some form or another line as well that we need to. check out but the u.k. ministry defense has said that a plane carrying a million euros is heading to cyprus as a contingency measure to provide military personnel there and the families of the merchants who loads there are some three thousand three thousand five hundred military personnel there of course they're caught up in it as well the british government said they will help them but no word of course about the experts that are living there a british amongst them the british g
ten billion euro bailout package no m.p.'s voted for the bill thirty six voted against nineteen abstained the finance ministry had proposed to modify that package at one stage proposing exemption for savers with smaller deposits but opposition remained fierce these are the latest pictures from outside parliament there in nicosia the crowds obviously diminish know from what we saw earlier on a finance ministers of war that cyprus is to biggest banks could collapse now if the deal doesn't go...
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Feb 20, 2013
02/13
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euro stoxx 50 also suffering a setback, finishing all the way down to 640. on wall street this hour, the dow trading slightly to the downside. the euro weaker against the greenback, trading at a value of $1.3298. >> now to one of the biggest arms bazaars in the world. the international defence summit in of a doubt become so close tomorrow only weeks before the united nations needs to finalize a historic arms trade treaty. >> amnesty international warrants it would not even cover most of the weapons on display at the conference. in germany, there's been a public backlash over the sale of arms, especially to countries with a questionable human rights record. >> the largest arms fair in the region opened with a bang in the united arab emirates. it is hoped images like these will send a signal to the other side of the persian gulf where it rations -- relations with iran are strained. leaders are also worried about discontent within their own borders. >> of course we see the problems here. and the weapons industry has reacted. you will have a hard time finding an
euro stoxx 50 also suffering a setback, finishing all the way down to 640. on wall street this hour, the dow trading slightly to the downside. the euro weaker against the greenback, trading at a value of $1.3298. >> now to one of the biggest arms bazaars in the world. the international defence summit in of a doubt become so close tomorrow only weeks before the united nations needs to finalize a historic arms trade treaty. >> amnesty international warrants it would not even cover...
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what a wonderful question i think as far as the euro's concert i mean the euro's probably shot itself in the foot because the countries within the euro zone when they are dealing in international trade that perhaps you know weren't as strong in deciding that the rest of the world should use the euro as the base currency in other words where they want to the buy goods from china they were quite happy to actually buy goods place they knew were stolen so really i think i think the year of the euro the euro zone hasn't been as forceful as they could have been done so there may be you know the euro would have been more freely traded but at the moment i mean the euro is still still quite freely traded in comparison to the un which is not as freely traded because there are still some countries in the world that might say if i want to do business with china i would much rather deal with them using either the u.s. dollar or some other kind of currency so in answer to your question what is going to happen to the euro that really depends on what the eurozone decides itself because they want to b
what a wonderful question i think as far as the euro's concert i mean the euro's probably shot itself in the foot because the countries within the euro zone when they are dealing in international trade that perhaps you know weren't as strong in deciding that the rest of the world should use the euro as the base currency in other words where they want to the buy goods from china they were quite happy to actually buy goods place they knew were stolen so really i think i think the year of the euro...
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Dec 13, 2013
12/13
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with these banks billions of euros in baghdad on the books. most of it was issued during the country's boom years from the nineteen nineties to two goals and eight. then the crisis hit. no the country's three largest eagle in banks need a bailout we beat billion euros between them to stay afloat the exploding as prime minister brought the good news to brussels the government should be able to fund the bill itself the eu welcome that. this is good news and it demonstrates this paramount importance of decisive action by the authorities the fact that the airborne economic recovery of the year isn't it that somebody under way european commission is supporting sweeney has plans to set up a so called bad bank which would take around four point five billion euros of the bad loans. ten to three establishing trust in the system solutions for the new businesses will be safe in the country's economy will be on a steady path to recovery. germany's chemical industry has been holding its annual conference of the bellwether in the street is chemical their bo
with these banks billions of euros in baghdad on the books. most of it was issued during the country's boom years from the nineteen nineties to two goals and eight. then the crisis hit. no the country's three largest eagle in banks need a bailout we beat billion euros between them to stay afloat the exploding as prime minister brought the good news to brussels the government should be able to fund the bill itself the eu welcome that. this is good news and it demonstrates this paramount...
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May 30, 2013
05/13
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mark uses at least one took a day, worth 11 euros. he pays just three euros himself. his company pays the remaining eight. >> it is a real advantage. i go to the bakery and pay with a voucher. i only pay extra if i go over the limit. >> employees benefit, and so does the local catering industry, but at a huge cost to the state. one example of many, which analysts say france can no longer afford. >> the french are used to this kind of social welfare, but the system has to be financed, and reforms are urgently needed in view of the crisis and the aging population. >> the french economy is not growing. unemployment is at a record high, and the budget deficit is under 3% allowed under european rules. the average worker cost his employer about 35 euros an hour. >> as far as unit labor costs are concerned, they've been climbing steadily in france. that has not been the case in germany. friends has failed to remain as competitive as germany, which has managed to lower its labor costs. >> that has made france less attractive to small and medium- sized companies. analysts say
mark uses at least one took a day, worth 11 euros. he pays just three euros himself. his company pays the remaining eight. >> it is a real advantage. i go to the bakery and pay with a voucher. i only pay extra if i go over the limit. >> employees benefit, and so does the local catering industry, but at a huge cost to the state. one example of many, which analysts say france can no longer afford. >> the french are used to this kind of social welfare, but the system has to be...
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thousand euros a year and we work like cattle. here to you know work seven days a week eight to ten hours a day without pay. involved area they used to be a state monopoly on tobacco but since two thousand and two the market has been opened up to competition and that's what has ruined getting as father. is that's a great tasting isn't it to be better because of all the work but it's a fantastic cigarette if we don't produce we die before the collapse of the soviet union we were fine. and eventually there were millions of smokers there they consumed them and we're going to survive my wife and i but the youngsters it's better that they save themselves. they have no future how can they study when they're in the fields all day how can they planted support everyone what can they learn here these children. to get in as family the same as for two hundred thousand other families in the region tobacco has become the only source of income. the problem is that this culture doesn't spare the health of its children. so far only one study denou
thousand euros a year and we work like cattle. here to you know work seven days a week eight to ten hours a day without pay. involved area they used to be a state monopoly on tobacco but since two thousand and two the market has been opened up to competition and that's what has ruined getting as father. is that's a great tasting isn't it to be better because of all the work but it's a fantastic cigarette if we don't produce we die before the collapse of the soviet union we were fine. and...
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the island so a french euro be able to purchase goods and services in germany but a cypriot euro will not seem to them that a superior era is unambiguous li worth less than a french euro well we already know that. all the euros and their own are printed with serial numbers corresponding to various countries and germans only do business in euro's printed in germany per the serial number on those german is already a two tier you're all right now germans don't deal in them stink and cypriot ticket down in a french uro's nothing to do with them they only deal in german euro and cyprus is not leaving the euro zone because germany doesn't want to have cyprus leave the eurozone because it's the extent that they have these convoys on the periphery that are screwing up it keeps the euro relatively cheap helps our export market and they get to run the entire eurozone this is the fourth reich germany four point zero us two and a half years ago i warned you about it people said you can't say that the fourth reich the cafe that well i did and it's true and i didn't believe me and you're stuck in a
the island so a french euro be able to purchase goods and services in germany but a cypriot euro will not seem to them that a superior era is unambiguous li worth less than a french euro well we already know that. all the euros and their own are printed with serial numbers corresponding to various countries and germans only do business in euro's printed in germany per the serial number on those german is already a two tier you're all right now germans don't deal in them stink and cypriot ticket...
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the average monthly income never exceed seven hundred fifty euros a month. to understand the extent of the child labor problem just follow giovanni to his school and into his classroom. out of twenty five children enrolled only eight present care absenteeism from school is spreading like wildfire the deputy head i was underscore petty comes to show. most of this is me good morning with another i see here we have a third grade class a final here class here is their teacher as you only need to see the number of pupils here right the beginning of the academic year and it's plain to see that we have a lot of chronic absentees yesterday we went and got them from home so they were more but today the arm is over so they've gone back to their normal activities where are they they should be at school. but where are the well they're not at home at any rate i don't know they vanished disappeared sour in the local area. this is a school with a chronic absenteeism rate over sixty percent in other words out of every hundred children in roles sixty hardly ever come or even
the average monthly income never exceed seven hundred fifty euros a month. to understand the extent of the child labor problem just follow giovanni to his school and into his classroom. out of twenty five children enrolled only eight present care absenteeism from school is spreading like wildfire the deputy head i was underscore petty comes to show. most of this is me good morning with another i see here we have a third grade class a final here class here is their teacher as you only need to...
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Mar 26, 2013
03/13
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we did see the euro surge. the relief seems to be short lived as we're seeing in the opening levels. the rescue deal for cyprus could serve as a template for other european countries with strug e struggling banks. that comment really heightens some of the worries in global markets that the deal that was made may result in more problems down the road. now a bit of a negative reaction here in tokyo. we also might see which is a bit of a worry is a return to safer assets by investors including the yen. >> many investors watching the yen's movement. the japanese currency has been on a major weakening trend. where do we stand this tuesday morning? >> that's a big focus. you mentioned the moves by prime minister abe. let's look at some of the currency levels here and the pairs today. we've seen some volatility with the euro/yen. if you remember yesterday it jumped from 122 levels before the markets opened on monday to upper 123 levels after the news of the cyprus bail out agreement. now as you can clearly see it's at
we did see the euro surge. the relief seems to be short lived as we're seeing in the opening levels. the rescue deal for cyprus could serve as a template for other european countries with strug e struggling banks. that comment really heightens some of the worries in global markets that the deal that was made may result in more problems down the road. now a bit of a negative reaction here in tokyo. we also might see which is a bit of a worry is a return to safer assets by investors including the...
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Apr 26, 2013
04/13
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and t-shirts for 2.5 euros. it has proven a big hit with cash-strapped shoppers, but this kind of price cutting comes at a cost. the clothing often comes from countries that have the poorest labor conditions, such as bangladesh, which is now second only to china in textile exports. the country has some 4500 textile factories, accounting for some 80% of bangladeshis exports. the average worker in such a factory takes home between 30 euros and 50 euros a month. often, the subsistence wages earned on 10 or 12-hour shifts in unsafe working conditions. fires and other accidents have claimed the lives of some 700 bangladeshi textile workers since 2005. >> in russia, 38 people are dead after a fire at a psychiatric hospital outside of moscow. officials say all but two of the victims were patience. >> the fire broke out in the early hours of the morning. only three people survived. >> the morning after, and the building is still smoldering. large parts of the hospital were gutted in the blaze. investigators painted a gr
and t-shirts for 2.5 euros. it has proven a big hit with cash-strapped shoppers, but this kind of price cutting comes at a cost. the clothing often comes from countries that have the poorest labor conditions, such as bangladesh, which is now second only to china in textile exports. the country has some 4500 textile factories, accounting for some 80% of bangladeshis exports. the average worker in such a factory takes home between 30 euros and 50 euros a month. often, the subsistence wages earned...
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this is not just bawling tired of the question of what the euro will stick together it's about whether europe in twenty years time can still be a motive a model for europe or whether europe will be an excellent holiday destination people who just want to see where the automobile was invented or where the big goose and the first big commercial chemical plant was built on the contrary i want europe to remain a prospering continent to compete with the rest of the world and therefore sometimes we have to have to be quite strict to one another. you see presently. which is a with your permission. it's not just the markets went down somewhat after the announcement of mr bernanke a gold also collapsed why did it happen and i think that people were expecting the strengthening of the dollar for the benefit euro and some regional currency that would produce changes also in the commodities market and we should take that into account in our current economic policy and. the question that. madam chancellor. importance not only for the euro zone but also for us i said in my speech that we need to find
this is not just bawling tired of the question of what the euro will stick together it's about whether europe in twenty years time can still be a motive a model for europe or whether europe will be an excellent holiday destination people who just want to see where the automobile was invented or where the big goose and the first big commercial chemical plant was built on the contrary i want europe to remain a prospering continent to compete with the rest of the world and therefore sometimes we...